Mortgage firms rush to repossess homes as families feel credit crunch

[BrilloPad]

Naughty Brillo everything bad that happens is always the fault of someone else.

who do we blame for Churchill then?

[BrilloPad]

I can't wait until "negative equity" is in the news every day. It'll be like old times.

I can't wait until young people can afford to get on the property ladder.

[Rantor]

who do we blame for Churchill then?

Vic Reeves

[Ruprect]

I thought that there was government legislation in place now that helped protect people in Debt and in repossession situations.
and if not there should be

And your suggestions are?

[BrilloPad]

And your suggestions are?

make like Africa and write it all off?

[Troll]

I can't wait until young people can afford to get on the property ladder.

The last crash lasted about seven years IIRC

so plan on buying again in 2015

HTH

[Sockpuppet]

I thought that there was government legislation in place now that helped protect people in Debt and in repossession situations.
and if not there should be

No, no there shouldn't.

Lenders have made their bed now they have to lie in it. I for one am hoping for lots of families being kicked out onto the street to fend for themselves (especially those owning 3+ bedroom houses - roomy). After all these are the same people that were not worry about first time buyer like me when values went through the roof in the last 5 years.

I like the phrase "the value of investments may go up as well as down" that gets printed on all financial stuff. I also like how people think that houses should only ever go up and they should automatically make a few grand every year just becuase its an "investment".

You pays ya money you takes ya chance.

[oracleslave]

No, no there shouldn't.

I for one am hoping for lots of families being kicked out onto the street to fend for themselves (especially those owning 3+ bedroom houses - roomy). After all these are the same people that were not worry about first time buyer like me when values went through the roof in the last 5 years.

So before I buy my next mansion I'll give you a call to let you know I am worried about your ability to purchase the 1 bed flat in Peckham to make you feel better.

[Sockpuppet]

So before I buy my next mansion I'll give you a call to let you know I am worried about your ability to purchase the 1 bed flat in Peckham to make you feel better.

Peckham? What kind of muppet would want to live in the **** hole that is London.

[Bagpuss]

They should re mortgage before the fixed term expires

where will they find a 4 % mortgage? most APRs are now >7.5%